property
$124,900 - -7.1 acres
1101 Sherwood Drive, Morristown, TN 37814
- Hamblen County
Undeveloped Land

Multi Family - Morristown, TN

State
Tennessee
County
Hamblen County
City
Morristown
Zip
37814
Address
1101 Sherwood Drive
Price
$124,900 -
Acreage
7.1 acres
Bedrooms
0
Baths
0

Description

Prime 7.1-Acre Multifamily Development Parcel in Morristown, TNUnlock the potential of this exceptional 7.1-acre parcel of multifamily land, strategically located near the heart of Morristown, TN. Zoned for up to 84 units, this property presents a rare opportunity for developers or investors looking to capitalize on a growing area with strong demand for multifamily housing.Location HighlightsSituated near Morristown's bustling center, this parcel offers both convenience and natural beauty:Central Access: Close to shopping centers, grocery stores, schools, and medical facilities, making it an ideal location for residents.Outdoor Attractions: Just a short drive from both Cherokee Lake and Douglas Lake, renowned for their boating, fishing, and recreational opportunities.Gateway to the Smokies: Within easy reach of the Great Smoky Mountains, offering world-class hiking, breathtaking views, and year-round outdoor activities.Thriving Community: Morristown's rich history, vibrant downtown, and welcoming atmosphere make it a highly desirable place to live and work.Development PotentialWith zoning for up to 84 multifamily units, the property is well-suited for a range of development opportunities, including:Apartments or townhomes.A mixed-use project incorporating housing and amenities.Senior living or other specialty housing concepts.The gently sloping terrain and accessible location make site planning straightforward, and utilities are readily available to the site.Key Amenities and FeaturesProximity to Amenities: Residents will enjoy convenient access to restaurants, retail, parks, and schools.Nature and Recreation: Nearby lakes and the Smoky Mountains provide endless outdoor entertainment and relaxation.Strategic Growth Area: Positioned in a thriving East Tennessee community with a growing population and increasing demand for quality housing.Ideal Investment OpportunityThis property combines the convenience of urban living with the serenity of East Tennessee's stunning landscapes, offering a lifestyle that appeals to a wide range of potential residents. Whether you're an experienced developer or an investor looking for your next project, this multifamily-zoned parcel is ready to bring your vision to life.Don't miss the chance to develop a premier multifamily community in the picturesque and rapidly growing Morristown area!

Copyright © 2025 Lakeway Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Amenities

Housing

  • Exterior Features

    • Boat Dock/Slip

Land

  • Activities

    • Boating
    • Fishing
  • Common Features

    • Boat Ramp
  • Present Use

    • Hunting/Fishing
  • Proposed Use

    • For Development

Seller Contact Information

Richard Sarta
Comwire Realty
110 Sandalwood Drive
Fort Pierce, FL 34947
(423) 797-7777 (Office)

Property Boundaries

Property Map
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